News Articles for Aaron Begley

Matrix lands $35m subsea contract

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Matrix Composites has secured a $35 million subsea contract as former suitor Advanced Innergy Solutions prepares for an ASX listing.

Matrix weighs merger with UK rival

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Matrix has received a conditional merger proposal that reportedly values the Henderson manufacturer as high as $100 million.

Matrix books $23m subsea contract

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Shares in Matrix Composites and Engineering rose by 26 per cent to 29 cents on Monday morning, following news of a significant contract win.

Local focus sandbags Matrix income mix

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One of the Australian Marine Complex's largest landholders is building its service arm to generate a more sustainable revenue source.

Subsea firms welcome hyperbaric chamber

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Australia's first deep sea hyperbaric testing chamber has been unveiled in Henderson, promising to slash wait times for subsea industries wanting to pressure-test their gear.

Matrix wins $30m subsea contract

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Matrix Composites & Engineering has secured $30 million worth of work from Subsea 7 to supply equipment for an international offshore project.

Matrix locks in $13m work

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Matrix Composites & Engineering has secured a $13 million order from Japan's Cosmos Shoji Co to supply a deepwater buoyancy system.

Matrix awarded $4m contract

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Matrix Composites & Engineering has won a contract with offshore drilling company TransOcean.

Matrix secures $44m contract

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Matrix Composites and Engineering is set to produce and deliver a buoyancy system valued at approximately $44 million for a major deep-water project in Brazil.

Henderson engineer books more work

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Matrix Composities and Engineering has secured a purchase order valued at $16 million to build a buoyancy system for a major deepwater project in South America.

Matrix wins $14m contract

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Matrix Composites & Engineering has booked its largest purchase order in four years for a $14 million drill riser buoyancy system.

FFI contracts Matrix for green hydrogen work

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Henderson-based Matrix Composites and Engineering will collaborate with Fortescue Future Industries to develop equipment and materials technologies to support the business' green hydrogen plans.

Matrix wins hand sanitiser contract

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The state government will soon install 10, solar-powered hand sanitiser dispensers across WA as part of a $1.5 million deal with Henderson-based outfit Matrix Composites & Engineering.

Matrix signs Woodside tech agreement

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Matrix Composites & Engineering was trading 20 per cent higher this morning after announcing a new technology agreement with oil and gas major Woodside Petroleum.

Matrix in sale-leaseback deal with APiL worth $20m

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Matrix Composites & Engineering announced it has signed a contract with Australasian Property Investments for the sale and leaseback of its Henderson facility.

Matrix flags turnaround

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Shareholders have welcomed Matrix Composites & Engineering's market update, as the company said it expects the half-year to June 30 to be its best six months since 2016.

Matrix the one for neo-materials

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SPECIAL REPORT: Defence work is providing opportunities for businesses with oil and gas prowess such as Matrix Composites & Engineering.

Next gen takes reins at listed companies

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A small number of ASX-listed Perth companies are following the example of Rupert Murdoch and Kerry Stokes, with second-generation family members taking over.

Matrix shares rise on $15.3m contract win

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Shares in Matrix Composites & Engineering have jumped 16 per cent today to trade at 43 cents each, after the Henderson-based oil and gas services company announced it had won a $15.3 million contract.

Cancelled Matrix contracts back on

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Perth-based manufacturer Matrix Composites & Engineering has had two previously-cancelled contracts restored, but they will be delayed by three years.

Matrix sells Malaga property

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Matrix Composites & Engineering has sold its engineering workshop in Malaga for $3.25 million, with the proceeds to be used to further reduce the company's debt.

Matrix wins $6m contract

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Perth-based Matrix Composites & Engineering has won a $6 million contract for work with an unnamed Chinese manufacturer.

Matrix cuts workforce

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Perth-based Matrix Composites & Engineering has flagged a number of redundancies and a $2.6 million impairment as it battles falling demand for its services in the tough economic climate.

Matrix wins new work worth $42m

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Perth-based Matrix Composites and Engineering has secured $41.8 million worth of contracts for the supply of drilling user buoyancy to undisclosed clients.

Matrix announces profit lift, share buyback

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Matrix Composites & Engineering has resumed dividend payments after reporting a net profit of $3.9 million on the back of a 21 per cent increase in sales revenue.

Matrix grows first half profit 29%

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Matrix Composites & Engineering lifted its half-year profit by 29.4 per cent compared with the previous corresponding period, despite dropping 20.2 per cent in revenue.

Matrix hit by market changes

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Matrix Composites & Engineering said today that changing market conditions had resulted in production rates being below expectations and forced it to work with its lenders to ensure adequate funding.

Niche focus, R&D investment propelling local manufacturers ahead of the wave

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Innovation is enabling a handful of WA manufacturers to survive in a market under increasing pressure.

E&Y award winners to step up on the big stage

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SEVEN of Western Australia's top entrepreneurs have been recognised at the Ernst & Young Entrepreneur of The Year Awards held in Perth last week.

Labour, skills keep fast and flexible businesses on their toes, no matter what their sector

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IT should come as no surprise that the biggest and most common issue confronting a bunch of successful Western Australian companies is that of labour - getting and keeping the skills they need to meet the strong demand they are seeing.

Resources prove the mother of invention for finalists

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A strong theme among Ernst & Young’s western region finalists for the Entrepreneur of the Year is the technology businesses that have developed to service the resources sector.

Matrix masters its world

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After listing just 18 months ago, Matrix Composites and Engineering has become a local success story, with its shares jumping from the $1 issue price to more than $9 this month.

Matrix announced $18.3m FY10 profit

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Matrix Composites & Engineering has announced it has recorded an $18.2 million net profit after tax for the 2010 financial year.